Taiwan Depositary Receipts

Taiwan has made a concerted effort since 2008 to internationalise its capital markets by encouraging foreign companies and Taiwanese-owned businesses based overseas to list locally on the Taiwan Stock Exchange or the Gre-Tai Securities Market through an initial public offering or a secondary listing via Taiwan depositary receipts (TDRs).

Several companies listed in Hong Kong, Singapore and elsewhere in the Asia region have shown a strong interest in cross-listing on Taiwan's stock exchange, attracted by Taiwan’s very active fund trading, high turnover rate and favourable price-to-earnings ratios, not to mention a quick and simple listing process.

Taiwan Depositary Receipts provides an overview of the TDR listing process and requirements, as well as the basic steps involved, for interested applicants.